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Tag: AI

Legal Regulation of Artificial Intelligence Technology: The Inevitable New Frontier

As the utilization of Artificial Intelligence (AI) technologies increases, so does the potential for these technologies to become misused and misrepresented. The absence of standardization around transparency for AI-based technologies creates legal and ethical gaps. Legal regulation of AI is the inevitable, and indeed necessary, next step as this disruptive technology continues to evolve into uncharted territory.  The Potential Hazards of AI Technology The scope of the harmful impacts of…

Meet Your New Digital Co-Worker: How Artificial Intelligence is Transforming the Modern Workplace

Despite growing concerns that robots will replace workers and eliminate jobs, there are many ways in which the new digital workforce can substantially enhance jobs and positively transform the modern workplace. Ethical, responsible automation has the power to create a work environment where employees are more engaged, more productive and overall happier at work. Robotic Process Automation (RPA) – also known as software robots or the new “digital workforce” –…

A New Way of Looking at Business Processes

Artificial Intelligence (AI) and machine learning have gained significant momentum over the past few years; businesses from all industries continue to embrace the technology at rapid rates, adoption stands to increase even further. More and more companies are beginning to see the positive impacts that this technology can bring to a company. In fact, Gartner predicts that by 2020, 85 percent of all customer interactions will be managed without a human. Powering…

How Fintech Makes Hong Kong the Gateway to Asia-Pacific

Artificial intelligence is taking the world by storm and Asia-Pacific has embraced it with a passion. The region boldly leads the charge as various tech-savvy governments heavily support this initiative and with China aiming to become the world leader in AI by 2030.  Asia is also poised to overtake the USA as the biggest hub of innovation centers for AI in the near future.  A key factor providing the impetus…

The AI Summit Helps Businesses to Look Beyond AI Hype

AI is already delivering real value in business. It is being implemented across all industries and business functions creating unprecedented efficiencies in human productivity. That was also the verdict of a recent Forbes Insights survey of 300-plus executives, in which 95% believe that AI will play an important role in their responsibilities in the near-future. Among the business benefits from AI most-cited by corporate leaders are: increased productivity (40%), reduced…

AI is the megatrend that will shape the future

This year’s Handelsblatt AI Summit in Munich stands out from many others for attracting most of the industry’s leading AI scientists and professors from prestigious Max Planck and Alan Touring Institutes.  Strategic players from large multinational companies such as IBM, Bosch, Siemens and Alibaba also participated, each presenting a different perspective on how AI will overhaul the way we live and change the way we do business. Yet, despite the…